Year: 2025
Novo Nordisk shares pop 5% after Wegovy receives U.S. approval for liver disease
Wegovy injection pens arranged in Waterbury, Vermont, US, on Monday, April 28, 2025. Shelby Knowles | Bloomberg | Getty Images Shares of Novo Nordisk climbed almost 5% Monday after the company’s blockbuster Wegovy obesity drug received accelerated approval from the U.S. Food and Drug Administration to treat a serious liver disease. The company on Friday […]
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When ‘invest like the 1%’ fails: How Yieldstreet’s real estate bets left customers with massive losses
Yieldstreet customer Justin Klish, who said he faces $400,000 in losses from investing on the platform. Courtesy: Justin Klish When Justin Klish stumbled upon an ad for Yieldstreet in February 2022, he said, it was the company’s tagline that stuck in his head. “Invest like the 1%,” the startup said. The ad spoke to his […]
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OpenAI’s Sam Altman sees AI bubble forming as industry spending surges
OpenAI Co-Founder and CEO Sam Altman speaks at Snowflake Summit in San Francisco on June 2, 2025. Justin Sullivan | Getty Images News | Getty Images OpenAI CEO Sam Altman thinks the artificial intelligence market is in a bubble, according to a report from The Verge published Friday. “When bubbles happen, smart people get overexcited […]
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Trump advisor Peter Navarro slams India’s ‘opportunistic’ purchases of Russian crude
A train transports oil tankers in Ajmer on July 7, 2025. Indian exporters are scrambling for options as they seek to mitigate the fallout of U.S. President Donald Trump’s threatened tariff salvo against the world’s most populous nation. Himanshu Sharma | Afp | Getty Images U.S. President Donald Trump’s trade advisor Peter Navarro on Monday […]
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Tokyo tops the list for 2025’s best ‘workcation’ destinations in the world
Japan’s capital Tokyo has topped the list as the world’s best city for a “workcation,” according to a 2025 report by International Workplace Group (IWG), a flexible and hybrid workspace operator. The results are part of IWG’s third annual “Work from Anywhere Barometer,” which ranks the top workcation cities globally — or where travelers can […]
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CNBC Daily Open: Trump’s ‘peace’ for Ukraine doesn’t seem like what Zelenskyy wants
There was no deal when U.S. President Donald Trump met his Russian counterpart Vladimir Putin on Friday. That was not unexpected. The summit, which was initially arranged to discuss a ceasefire to Moscow’s war in Ukraine, was on Tuesday reframed by White House Spokesperson Karoline Leavitt as a “listening exercise” that allowed Trump to get […]
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Pop Mart’s Labubus boost China’s soft power as Beijing brands find global appeal
For years, China had an image problem it couldn’t shake off — synonymous with cheap exports, heavy censorship, and a state shrouded in secrecy and scandal. That has been changing as the country strives to burnish its image, rising in soft power rankings, with domestic businesses helping Beijing secure a significant facelift. Chinese coffee chains […]
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Qantas to pay record fine of $58 million for pandemic sackings criticized by judge
A court ordered Australia’s largest airline, Qantas Airways, on Monday to pay a record fine of A$90 million ($58.64 million) for illegally sacking 1,800 ground staff during the COVID-19 pandemic and criticized it for a lack of contrition. In imposing the penalty, the largest ordered by a court on a company in the history of Australia’s labor […]
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Energy supermajors are betting big on LNG, shrugging off peak gas predictions
Oil majors are betting big on liquified natural gas (LNG), throwing down the gauntlet to predictions of peak gas by the end of the decade. Britain’s Shell , a leading player in the global LNG market, has identified the super-cooled commodity as a primary focus amid the energy transition. France’s TotalEnergies said it expects LNG […]
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European markets set to open higher ahead of Trump-Ukraine crunch talks
U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the White House in Washington, D.C., on Feb. 28, 2025. Nathan Howard | Reuters LONDON — European stocks are expected to open in positive territory on Monday as traders focus on a meeting between European leaders and U.S. President Donald Trump to discuss Ukraine. The […]
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